900 shares at $8.13 average.
My plan is to build into it for another year or so adding around 20 shares every Monday.
I'd like to have around 25k invested in this company before it starts its uptrend.
My main reason for this long:
- Altria took 45% ownership with option to buy 10% more. They have alot of money, distribution deals and know this smoke game well.
"Again, the global cannabis market should hit $200 billion within the next decade. Say Cronos grabs just 2% share, for $4 billion in revenues, and runs at very average 20% operating margins. That should produce $800 million in operating profits and $640 million in net profits, assuming a 20% tax rate.
Based on a market average 16 multiple, that equates to a $10 billion-plus market cap. CRON stock has a market cap of under $3 billion today." says Luke Lango, InvestorPlace Markets Analyst https://investorplace.com/2019/10/cannabis-stocks-dont-give-up-acb-cgc-cron/
